If you're wondering how to read stock charts, you've come to the right place. Learn how to decipher stock charts with our guide.
Now that you know why it's important to use stock charts and the basics contents of charts, there are three key concepts you need to familiarize yourself with in order to spot profitable chart patterns. Once you can analyze stock charts using these key clues, you'll be ready to start ...
Before getting into different types of chart patterns like a cup with handle, double bottom or flat base, let's look at the basic concept behind them. At its core, learning how to read stock charts and chart patterns comes down to tracking support and resistance. Think in terms of a "fl...
The 4-hour Dow Jones chart around this same time, fired off a 4-hour pin bar shortly after the daily pin above, providing us the potential to essential trade that pin bar instead, this reduces the stop loss by about half and allows us to double the position size, uppin...
index would also follow suit. This is because when industrial production is high, transportation is used more to ship the goods. During times of recession or slowdown, when production dropped, the transportation would also drop. (read more about DowTheory/Download free ebooks about Dow theory) ...
Customize the chart’s appearance to make it easier to read. Many charting platforms like TradingView will allow you to adjust the colors of the candles, the background and the gridlines to suit your preferences. Ensure that your chosen colors enhance readability and do not cause strain over ...
In the Dow Jones futures chart below, we can see the current picture of key levels that are relevant for this market. Of special note, we can see how consistently these key levels hold as price retraces back to them. Knowing that price often bounces or repels from key levels is a ver...
Analyzing. It's possible to add studies such as moving averages, Fibonacci retracement levels, or the Commodity Channel Index (CCI) to a futures chart to help you consider trade entry and exit points. Placing orders. From theControlbar on the right, a user can view the order-book depth,...
reduce market volatility. Unfortunately, at the moment, this product is only available for Indian investors and that led me to create an app, where I could create a portfolio, and also create a custom index on top of it, with features to compare benchmarked indices like Dow Jones / S...
The current Dow Jones is an excellent example of a data visualization system. You can read all of the data about trends and performance for a specific stock or simply look at its valuation over time. There is a convenient graph that clearly shows growth or dips in value, as well as stoc...